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03.02.2016 09:57

Kansas City Federal Reserve President Esther George: the Fed should continue to raise its interest rate

Kansas City Federal Reserve President Esther George said in a speech on Tuesday that the Fed should continue to raise its interest rate.

"My view is that the Committee should continue the gradual adjustment of moving rates higher to keep them aligned with economic activity and inflation," Kansas City Federal Reserve president said.

George noted that the monetary could not respond to every volatility in financial markets.

"Even looking at developments so far this year, financial markets have been quite volatile. While taking a signal from such volatility is warranted, monetary policy cannot respond to every blip in financial markets," she said.

George is a voting member on the Federal Open Market Committee (FOMC).

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